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<br /> TOGB'CHER WITH all thc im�rovements now or hertafter erectod on the property;and uli easements, appu�tenuncr.s, and
<br /> fixtures nc�w or hereaRer n part of the praperty. All replacements and additions shall also be coverecl by this Security
<br /> lnstrument.All of the foregoing is referred to in this S�curity Instrument as the "Pmperty."
<br /> f30RROWER COVENANTS►hut Borrower is Iswfully seised of the estatc hereby convcyed and has t{u right to grant and
<br /> convey the Property and that the Propeny is unencumbered, except for encambrances o£record. [iorrower warrants and wiU
<br /> defencl generally►he title to the Property against ull claims and ciemands,subject to any encumbrances of record.
<br /> TtiIS SECURITY INSTRUMENT combines uniform covenants for natianal use and non-uniform covenunts with limited
<br /> variations by jurisctiction to constitute a uniform security instrument covering real prope�ty. .
<br /> UNIFORM COVENANTS.Borrower and I.ender covenant and agra as follows:
<br /> 1. Pnyment ot Princip�l And Interest; Prepayment and Late Charges. Borrower shall promptly pay when due thc
<br /> principal of and interest on the debt evidenced by the Note and uny prepayment and late charges due under:he Notc.
<br /> 2. F1mds for Taxes and Insurante. Subject to applicable law or to a written waiver by Lender, Bonower shall pay to
<br /> I.ender on the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds") for: (a)yearly taxes
<br /> and assessments which may attain priority over this Security Instn►ment as a lien on the Property; (b)yearly leasehold payrnents
<br /> or ground rents on the Property,if any:(c)yearly hazard or praperty insurance premiums; (d)yearly flood insurance premiums,
<br /> if any; (e)yearly mongage insurance premiums, if any; and (fl anY sums payable by Borrower to Lender, in accordance with
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.These items are culled"Escrow Items,"
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for n federally
<br /> related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended from time to time, 12 U.S.C, Section 2601 er seq, ("RESPA"),unless unother law that applies to the Funds
<br /> sets a lesser amount. !f so, Lender may, at any time, collect nnd hold Cunds in an amount not to exceed the lesser nmount.
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordance with epplicable law.
<br /> The Funds shall be held in nn institution whose deposits are insured by u federal agency, instriimentality, ur entity
<br /> (including L,ender, if i..ender is such an institution)or in any Fedcral Home I.oan Bank.Lendor shall apply the Funds to pay the
<br /> Escrow Items. I.ender may nat charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or
<br /> verifying the E..�row Items, unless I.ender pays Borrowcr interest on thc Funds and applicable law permits Lender to makc such
<br /> a chsrge.Howcver, L.ender may require Fiorrower to pay aane•timo chnrge for an indepeixicnt real cstete tax reponing scrvice
<br /> used by L,ender in connection with this loan, unless applicablc law provides othcrwisc, Unless an ngramcnt is n�ade or
<br /> applicablc law requires interest to be paid, l.ende;r tihull nd bc rcquired to pay Borrowcr any intcrest or earnings on the Funds.
<br /> Bormwcr anJ l.ender may agrce in writing, howcvcr, that interest shall bc paid on the Funds, f..cnder shall givc to Borrower,
<br /> without cnarge, un annuai ac�uuuii�ig vi ii�c Fands, sh�ri�S cr�lies stP,� LSCf-`!LS!n rp� Fiip�1�:nnd Ihe putpose fo�whiCh eueh
<br /> debit to the Funds was made.The Funds are pledgcd as udditional security for ull sums securcd by this Sa:urity Instrument.
<br /> If the Funds hcld by Lender excced the amounts permitted to be held by applicable law, I..ender shall accoant to Borrower
<br /> for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds helJ by Lender at any
<br /> time is not sufficient to pay the Escrow Items when due, I.ender may so notify Borrower in writing,und,in such casc Borrower
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments,at[.ender's sole discretion.
<br /> Upon payment in full of all sums secured by this Sec;urity Instrument, Lendcr shnll promptly refund to Borrower any
<br /> Funds held by L.ender. If,under paragraph 2l,Lender shall acquire or sell the Property, Lender, prior to the acquisition or sale
<br /> of the Property,shall apply any Funds held by C.ender at tlie time of acquisition or sule as u credit against the sums secun�i by
<br /> this Security Instrument.
<br /> 3.Application of Payments.Unless applicable Issw provides otlicrwisc,all payments received by i.ender under paragraphs
<br /> 1 and 2 shall be applied: flrst, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2;
<br /> third,to interest due;fourth,to principal due;a�id last,to any late charges duc under the Note.
<br /> 4.Charges; Liens.Borrower shall pay all taxes, asscssments, charges, fines m�d impositions attributable ta the Property
<br /> which may attain prioriry mer this Security instrument. and Ieasehold p:►yments or ground rents, if any. Borrower shall pay
<br /> these obligations in the manner provideci in paragraph 2, or if not puid in that manncr,Horrowcr shall pay them on tin�e directly
<br /> to the person owed payment. Dorrawer shall promptly fumish to Lender all notices of amounts to be paid under this paragraph.
<br /> If Borrower makes these paymcnts directly, Borrower shall promptly furnish to Lender reccipts evidencing thc payments.
<br /> Aorrowcr sl�all promptly dischargc nny lien which has priority over this Security[nstrumcnt unless Borrower:(a}egrces in
<br /> writing to the paymen[of tt�e obligation secured by the licn in a mi�nner acceptable to Lender; (b)contests in good faith the lien
<br /> by, or defends against cnforcement of the licn in, Icgal proceedings wi�ich in the I.ender's opinion operate to prevent tl�e
<br /> enforcement of thc lien; or (c)secures from the holdcr of the licn tin agrcement satisfnctory to Lender:ubnrdinating thc licn to
<br /> this Security Instnnnent. If Lcndcr detennincs thut�iny part of thc Propeny is subject to a li�n which may attain priority over
<br /> this Security instrument, Lender may give Borrower a notice identifying the I�en. Borrower sh�ll satisfy thc lien or take one or
<br /> morc of thc actions sct fortli ubovc witliin 10 dnys of thc giving of notice.
<br /> Fam 3028 9190
<br /> Pngc 2 ot 0
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